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TCS sacks 16 employees, bars 6 vendors involved in bribes-for-jobs scam

Tata Consultancy Services (TCS) on Sunday revealed it had sacked 16 employees and blacklisted six staffing firms, after its investigation into the bribes-for-jobs scandal. ....

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TCS deal wins: TCS, Infosys, HCL Tech Q2 results show billion dollar deals aren't enough

"Companies flexed a few levers to defend margins. These include raising utilization rates, increasing productivity measures, lowering the average cost of resources, further cutting subcon costs (sufficiently optimized by now), and managing SG&A," said Kotak s Kawaljeet Saluja. Analysts are building in 60-110 bps margin expansion over FY2024-26E for TCS, Infosys, and HCL Tech. ....

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Adverse impact on discretionary demand affected Q2 revenues: TCS COO N Ganapathy Subramaniam

Stating that discretionary demand can contribute as much as 30% of incremental revenues in a quarter, Subramaniam said the September quarter results were impacted due to this aspect. ....

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TCS bribery scam: 16 employees sacked; 6 staffing firms debarred

The investigation closure report has come months after the company looked into practices where staffing firms were allegedly involved in bribing senior executives overseeing recruitment processes in the company to get business. ....

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Sensex fall today: Sensex slips for 3rd day, ends 116 points lower dragged by pharma, IT stocks

From the Sensex pack, Tata Steel, HCL Tech and Axis Bank closed higher, while Nestle India, TCS, IndusInd Bank, and Asian Paints closed in the red ....

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